US Stocks End in Red; S&P 500, Dow Jones Drop from Record Highs

3 min read | April 19, 2021 06:08 PM EDT | By Team Kalkine Media
Source: Copyright © 2021 Kalkine Media LLC

All the major U.S. stock market benchmarks closed lower on Monday, April 19, 2020. The S&P 500 and the Dow Jones Industrial Average slipped from their all-time highs set on last Friday. Technology and consumer cyclical stocks declined the most on S&P 500 while stocks in the energy and basic materials sectors pulled the Dow Jones down.

The S&P 500 slipped 0.53 percent to 4,163.26. The Dow Jones was down 0.36 percent to 34,077.63. The NASDAQ Composite Index dropped 0.98 percent to 13,914.77 while the small-cap Russell 2000 declined 1.36 percent to 2,232.00.

The National Highway Traffic Safety Administration has reportedly started an investigation into a fatal crash involving a Tesla 2019 Model S vehicle in Texas during the weekend. According to media reports, no one was found in the driving seat. Tesla shares dropped 3.40 percent on Monday.

The Coca-Cola Company reported a 5 percent year-over-year growth in its net revenue to US$9.02 billion and said its volume in March was back to 2019 levels. Earnings per share dropped 19 percent to 52 cents, while comparable EPS rose 8 percent to 55 cents. The company also reiterated its full-year 2021 outlook.

Meanwhile, Bitcoin price, which rallied to over US$64,800 last week, tumbled to as low as US$52,148.98 on Sunday. The cryptocurrency recovered to US$56,262.20 by Monday evening.

Source: Copyright © 2021 Kalkine Media LLC

Top Gainers

Top performers on S&P 500 were lbemarle Corp (3.60%), Morgan Stanley (1.83%), Charles Schwab Corp (1.76%) and Bank of New York Mellon Corp (1.61%)

Marlin Business Services Corp (50.70%), TDH Holdings Inc (27.83%), Galectin Therapeutics Inc (26.94%) and Chemomab Therapeutics Ltd (26.52%) were top performers on NASDAQ.

On Dow Jones, Walgreens Boots Alliance Inc (0.92%), Coca-Cola Co (0.60%), Apple Inc (0.51%) and Chevron Corp (0.29%) gained the most.

Top Losers

Top laggards on S&P 500 were Penn National Gaming Inc (6.94%), Altria Group Inc. (6.17%), Enphase Energy Inc (5.91%) and Caesars Entertainment Inc (5.22%).

Tian Ruixiang Holdings Ltd (20.99%), Oriental Culture Holding Ltd (17.38%), LifeMD Inc. (17.25%), 180 Life Sciences Corp (16.53%) were among the top losers on NASDAQ.

On Dow Jones, Intel Corp (1.73%), Boeing Co (1.62%), Nike Inc. (1.30%) and Travelers Companies Inc (1.01%) were laggards.

Image Source: EODHD/Others, S&P 500 April 19, 2021 chart

Volume Movers

Top volume movers are Sundial Growers Inc (28.62M), Clover Health Investments Corp (28.40M), Apple Inc (16.33M), Lattice Semiconductor Corp (13.41M), Naked Brand Group Ltd (12.80M), ViacomCBS Inc (12.30M), Castor Maritime Inc (11.39M) and Intel Corp (10.07M).

Futures & Commodities

Gold futures were down 0.51percent to US$ 1,771.20 per ounce on Monday. Silver fell 0.90 percent to US$25.870 per ounce, while copper grew 1.70 percent to US$ 4.2390.

Brent oil futures decreased slightly by 0.03 percent to US$ 67.14 per barrel and WTI crude rose 0.55 percent to US$ 63.54.

Bond Market

The 30-year Treasury bond yields increased 1.47 percent on Monday to 2.296 while the 10-year bond yields were up 2.35 percent to 1.6100.

US Dollar Futures Index was down 0.52 percent to US$ 91.065 on April 19.


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